Directive deficiencies: How resource constraints direct opportunity identification in SMEs

Journal of Product Innovation Management

Volumn 29, Issue 6, 2012, Pages 1000-1011

  Van Burg, Elco ^a   Podoynitsyna, Ksenia ^b   Beck, Lien ^b   Lommelen, Tinne ^b  

^a VU University   (Netherlands)

^b NONE

Author keywords

[No Author keywords available]

Indexed keywords

CONSTRAINED DOMAIN; MIXED EFFECTS; RESOURCE CONSTRAINT; SMALL AND MEDIUM-SIZED ENTERPRISE; SUPPLY AND DEMAND; SUPPLY CONSTRAINTS;

ECONOMICS; INDUSTRY;

FLOW MEASUREMENT;

EID: 84867508406     PISSN: 07376782     EISSN: 15405885     Source Type: Journal    
DOI: 10.1111/j.1540-5885.2012.00976.x     Document Type: Conference Paper

References (73)

1. Agarwal, R., M. B. Sarkar, and, R. Echambadi,. 2002. The conditioning effect of time on firm survival: An industry life cycle approach. Academy of Management Journal 45 (5): 971-994.
2. Audia, P. G., and, J. A. Goncalo,. 2007. Past success and creativity over time: A study of inventors in the hard disk drive industry. Management Science 53 (1): 1-15.
3. Baker, T., 2007. Resources in play: Bricolage in the toy store(y). Journal of Business Venturing 22 (5): 694-711.
4. Baker, T., and, R. E. Nelson,. 2005. Creating something from nothing: Resource construction through entrepreneurial bricolage. Administrative Science Quarterly 50 (3): 329-366. (Pubitemid 43253520)
5. Baron, R. A., 2004. The cognitive perspective: A valuable tool for answering entrepreneurship's basic "why" questions. Journal of Business Venturing 19 (2): 221-229.
6. Bourgeois, L. J., 1981. On the measurement of organizational slack. Academy of Management Review 6 (1): 29-39.
7. Bradley, S. W., J. Wiklund, and, D. A. Shepherd,. 2011. Swinging a double-edged sword: The effect of slack on entrepreneurial management and growth. Journal of Business Venturing 26 (5): 537-554.
8. Carter, R. B., and, H. Van Auken,. 2005. Bootstrap financing and owners' perceptions of their business constraints and opportunities. Entrepreneurship and Regional Development 17 (2): 129-144. (Pubitemid 40599600)
9. Christensen, C. M., and, J. Bower,. 1996. Customer power, strategic investment, and the failure of leading firms. Strategic Management Journal 17 (3): 197-218. (Pubitemid 126482610)
10. Cohen, B., and, M. I. Winn,. 2007. Market imperfections, opportunity and sustainable entrepreneurship. Journal of Business Venturing 22 (1): 29-49. (Pubitemid 44550755)
11. Corbett, A. C., 2005. Experiential learning within the process of opportunity identification and exploitation. Entrepreneurship: Theory and Practice 29 (4): 473-491. (Pubitemid 41653591)
12. Dahl, D. W., and, C. P. Moreau,. 2007. Thinking inside the box: Why consumers enjoy constrained creative experiences. Journal of Marketing Research 44 (3): 357-369.
13. Dean, T. J., and, J. S. McMullen,. 2007. Toward a theory of sustainable entrepreneurship: Reducing environmental degradation through entrepreneurial Action. Journal of Business Venturing 22 (1): 50-76. (Pubitemid 44550757)
14. Debruyne, M., R. T. Frambach, and, R. Moenaert,. 2010. Using the weapons you have: The role of resources and competitor orientation as enablers and inhibitors of competitive reaction to new products. Journal of Product Innovation Management 27 (2): 161-178.
15. De Carolis, D. M., Y. Yang, D. L. Deeds, and, E. Nelling,. 2009. Weathering the storm: The benefit of resources to high-technology ventures navigating adverse events. Strategic Entrepreneurship Journal 3 (2): 147-160.
16. De Jong, J. P. J., and, P. A. M. Vermeulen,. 2006. Determinants of product innovation in small firms. International Small Business Journal 24 (6): 587-609.
17. Díaz-Díaz, N. L., I. Aguiar-Díaz, and, P. De Saá-Pérez,. 2008. The effect of technological knowledge assets on performance: The innovative choice in Spanish firms. Research Policy 37 (9): 1515-1529.
18. Drucker, P., 1985. Innovation and entrepreneurship. New York: Harper & Row.
19. Eckhardt, J. T., and, S. Shane,. 2003. Opportunities and entrepreneurship. Journal of Management 29 (3): 333-349. (Pubitemid 36649626)
20. Eisenhardt, K. M., and, C. B. Schoonhoven,. 1996. Resource-based view of strategic alliance formation: Strategic and social effects in entrepreneurial firms. Organization Science 7 (2): 136-150.
21. European Commission. 2003. The new SME definition: User guide and model declaration. Official Journal of the European Union L 124: 36-41.
22. Finke, R. A., T. B. Ward, and, S. M. Smith,. 1992. Creative cognition: Theory, research, and applications. Cambridge, MA: MIT Press.
23. Fleiss, J. L., 1981. Statistical methods for rates and proportions, 2nd edn. New York: Wiley.
24. Gardner, W., E. P. Mulvey, and, E. C. Shaw,. 1995. Regression analyses of counts and rates: Poisson, overdispersed Poisson, and negative binomial models. Psychological Bulletin 118 (3): 392-404.
25. Garmaise, M. J., 2008. Production in entrepreneurial firms: The effects of financial constraints on labor and capital. Review of Financial Studies 21 (2): 543-577.
26. George, G., 2005. Slack resources and the performance of privately held firms. Academy of Management Journal 48 (4): 661-676. (Pubitemid 41322615)
27. Gibbert, M., and, P. Scranton,. 2009. Constraints as sources of radical innovation? Insights from jet propulsion development. Management and Organizational History 4 (4): 385-399.
28. Goldenberg, J., D. R. Lehmann, and, D. Mazursky,. 2001. The idea itself and the circumstances of its emergence as predictors of new product success. Management Science 47 (1): 69-84. (Pubitemid 34191963)
29. Gruber, M., I. C. MacMillan, and, J. D. Thompson,. 2008. Look before you leap: Market opportunity identification in emerging technology firms. Management Science 54 (9): 1652-1666.
30. Hair, J., R. Tatham, R. Anderson, and, W. Black,. 1998. Multivariate data analysis. Upper Saddle River, NJ: Prentice Hall.
31. Haynie, J. M., D. A. Shepherd, and, J. S. McMullen,. 2009. An opportunity for me? The role of resources in opportunity evaluation decisions. Journal of Management Studies 46 (3): 337-361.
32. Hoegl, M., M. Gibbert, and, D. Mazursky,. 2008. Financial constraints in innovation projects: When is less more? Research Policy 37 (8): 1382-1391.
33. Hoegl, M., M. Weiss, and, M. Gibbert,. 2010. The influence of material resources on innovation project outcomes. In 5th IEEE International Conference on Management of Innovation and Technology, ICMIT2010, 450-454.
34. Hvide, H. K., and, J. Møen,. 2010. Lean and hungry or fat and content? Entrepreneurs' wealth and start-up performance. Management Science 56 (8): 1242-1258.
35. Kahneman, D., 1992. Reference points, anchors, norms, and mixed feelings. Organizational Behavior and Human Decision Processes 51 (2): 296-312.
36. Kahneman, D., and, A. Tversky,. 1979. Prospect theory: An analysis of decision under risk. Econometrica 47 (2): 263-291.
37. Katila, R., and, S. Shane,. 2005. When does lack of resources make new firms innovative? Academy of Management Journal 48 (5): 814-829. (Pubitemid 41759578)
38. Locke, K. D., 2001. Grounded theory in management research. London: Sage Publications Ltd.
39. Lumpkin, G. T., and, B. B. Lichtenstein,. 2005. The role of organizational learning in the opportunity-recognition process. Entrepreneurship: Theory and Practice 29 (4): 451-472. (Pubitemid 41653590)
40. March, J. G., 1991. Exploration and exploitation in organizational learning. Organization Science 2 (1): 71-87.
41. Marcus, A. A., and, A. R. Fremeth,. 2009. Green management matters regardless. Academy of Management Perspectives 23 (3): 17-26.
42. Mellahi, K., and, A. Wilkinson,. 2010. A study of the association between level of slack reduction following downsizing and innovation output. Journal of Management Studies 47 (3): 483-508.
43. Miles, M. B., and, A. M. Huberman,. 1994. Qualitative data analysis: An expanded sourcebook. Thousand Oaks, CA: Sage Publications.
44. Mishina, Y., T. G. Pollock, and, J. F. Porac,. 2004. Are more resources always better for growth? Resource stickiness in market and product expansion. Strategic Management Journal 25 (12): 1179-1197.
45. Moreau, C. P., and, D. W. Dahl,. 2005. Designing the solution: The impact of constraints on consumers' creativity. Journal of Consumer Research 32 (1): 13-22. (Pubitemid 40976810)
46. Mosakowski, E., 2002. Overcoming resource disadvantages in entrepreneurial firms: When less is more. In Strategic entrepreneurship: Creating a new mindset, ed., M. A. Hitt, R. D. Ireland, S. M. Camp, and, D. L. Sexton, 106-126. Oxford: Wiley-Blackwell.
47. Musso, P., and, S. Schiavo,. 2008. The impact of financial constraints on firm survival and growth. Journal of Evolutionary Economics 18 (2): 135-149.
48. Nohria, N., and, R. Gulati,. 1996. Is slack good or bad for innovation? Academy of Management Journal 39 (5): 1245-1264.
49. Paladino, A., 2007. Investigating the drivers of innovation and new product success: A comparison of strategic orientations. Journal of Product Innovation Management 24 (6): 534-553. (Pubitemid 47561746)
50. Patzelt, H., and, D. A. Shepherd,. 2011. Recognizing opportunities for sustainable development. Entrepreneurship Theory and Practice 35 (4): 631-652.
51. Penrose, E. G., 1959. The theory of the growth of the firm. New York: Wiley.
52. Podsakoff, P. M., S. B. MacKenzie, J.-Y. Lee, and, N. P. Podsakoff,. 2003. Common method biases in behavioral research: A critical review of the literature and recommended remedies. Journal of Applied Psychology 88 (5): 879-903. (Pubitemid 37239703)
53. Podsakoff, P. M., and, D. W. Organ,. 1986. Self-reports in organizational research: Problems and prospects. Journal of Management 12 (4): 531-544.
54. Rao, H., and, R. Drazin,. 2002. Overcoming resource constraints on product innovation by recruiting talent from rivals: A study of the mutual fund industry, 1986-94. Academy of Management Journal 45 (3): 491-507.
55. Renko, M., P. D. Reynolds, and, A. L. Carsrud,. 2010. Financial slack resources, firm birth, and early growth. Paper presented at the 2010 Academy of Management Annual Meeting, Montreal.
56. Sarasvathy, S. D., 2001. Causation and effectuation: Toward a theoretical shift from economic inevitability to entrepreneurial contingency. Academy of Management Review 26 (2): 243-263.
57. Schumpeter, J., 1934. The theory of economic development. Oxford: Oxford University Press.
58. Shane, S., 2000. Prior knowledge and the discovery of entrepreneurial opportunities. Organization Science 11 (4): 448-469.
59. Shane, S., 2003. A general theory of entrepreneurship: The individual-opportunity nexus. Cheltenham: Edward Elgar.
60. Shane, S., and, S. Venkataraman,. 2000. The promise of entrepreneurship as a field of research. Academy of Management Review 25 (1): 217-226.
61. Shepherd, D. A., and, D. R. DeTienne,. 2005. Prior knowledge, potential financial reward, and opportunity identification. Entrepreneurship Theory and Practice 29 (1): 91-112. (Pubitemid 41657800)
62. Shepherd, D. A., and, H. Patzelt,. 2011. The new field of sustainable entrepreneurship: Studying entrepreneurial action linking "what is to be sustained" with "what is to be developed." Entrepreneurship Theory and Practice 35 (1): 137-163.
63. Shepherd, D. A., A. L. Zacharakis, and, R. A. Baron,. 2003. VCs' decision processes: Evidence suggesting more experience may not always be better. Journal of Business Venturing 18 (3): 381-401. (Pubitemid 36567505)
64. Short, J. C., D. J. Ketchen, C. L. Shook, and, R. D. Ireland,. 2010. The concept of "opportunity" in entrepreneurship research: Past accomplishments and future challenges. Journal of Management 36 (1): 40-65.
65. Sirdeshmukh, D., J. Singh, and, B. Sabol,. 2002. Consumer trust, value, and loyalty in relational exchanges. Journal of Marketing 66 (1): 15-37.
66. Song, M., K. Podoynitsyna, H. van der Bij, and, J. I. M. Halman,. 2008. Success factors in new ventures: A meta-analysis. Journal of Product Innovation Management 25 (1): 7-27. (Pubitemid 350212661)
67. Song, X. M., and, M. E. Parry,. 1997. A cross-national comparative study of new product development processes: Japan and the United States. Journal of Marketing 61 (2): 1-18.
68. Stevenson, H. H., and, D. E. Gumpert,. 1985. The heart of entrepreneurship. Harvard Business Review 64: 85-94.
69. Stevenson, H. H., and, J. C. Jarillo,. 1990. A paradigm of entrepreneurship: Entrepreneurial management. Strategic Management Journal 11: 17-27.
70. Ucbasaran, D., P. Westhead, and, M. Wright,. 2009. The extent and nature of opportunity identification by experienced entrepreneurs. Journal of Business Venturing 24 (2): 99-115.
71. Voss, G. B., D. Sirdeshmukh, and, Z. G. Voss,. 2008. The effects of slack resources and environmental threat on product exploration and exploitation. Academy of Management Journal 51 (1): 147-164.
72. Ward, T. B., 2004. Cognition, creativity, and entrepreneurship. Journal of Business Venturing 19 (2): 173-188. (Pubitemid 38184299)
73. Zahra, S. A., E. Gedajlovic, D. O. Neubaum, and, J. M. Shulman,. 2009. A typology of social entrepreneurs: Motives, search processes and ethical challenges. Journal of Business Venturing 24 (5): 519-532.